Apple tries to recoup some losses - Analysis - 16-06-2022

2022-06-16 12:28:26 GMT (Economies.com)
 

Apple's stock (AAPL) rose in the intraday levels after announcing the US football season will be exclusively available on Apple TV starting 2023 in a 10-day deal valued at $250 million, with the stock marking a profit of 2.01%, or 2.67 points, settling at 135.43, with trading volumes surpassing 91.5 billion shares, above 10-day averages of 81.3 million shares. 

 

The stock is trying to recoup some losses while venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of 132.60, provided the resistance of 157.26 holds on.

 

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Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
0.9679
0.0024
0.2501%
1.0787
-0.0033
0.3055%
18.743
-0.115
0.610%
81.880
2.586
3.261%
89.32
3.00
3.48%
1654.115
8.755
0.532%
 
 
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